The Wendy’s Co. Sets New 1-Year High at $8.25 (WEN)
The Wendy’s (NYSE:WEN) set a new 52-week high on Wednesday, StockRatingsNetwork.com reports. The company traded as high as $8.25 and last traded at $8.25, with a volume of 2,780,088 shares. The stock had previously closed at $8.19.
A number of research firms have recently commented on WEN. Analysts at Zacks reiterated an “outperform” rating on shares of The Wendy’s (NYSE:WEN) in a research note to investors on Friday, August 16th. They now have a $9.25 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of The Wendy’s (NYSE:WEN) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 29th. Finally, analysts at Barclays Capital raised their price target on shares of The Wendy’s (NYSE:WEN) from $7.00 to $8.00 in a research note to investors on Wednesday, July 24th. They now have an “overweight” rating on the stock.
Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.63.
The Wendy’s has a 1-year low of $4.09 and a 1-year high of $8.22. The stock’s 50-day moving average is $7.63 and its 200-day moving average is $6.27. The company has a market cap of $3.241 billion and a price-to-earnings ratio of 221.22.
The Wendy’s (NYSE:WEN) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $650.50 million for the quarter, compared to the consensus estimate of $655.90 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that The Wendy’s will post $0.23 earnings per share for the current fiscal year.
The Wendy’s Company is a quick-service restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.